Base is an Ethereum Layer-2 (L2) blockchain developed by Coinbase, using the Optimism framework. It aims to provide a secure, low-cost, and developer-friendly environment for building decentralized applications (dApps). Base offers seamless integration with the Coinbase platform, facilitating easy fiat onramps and access to the broader Ethereum ecosystem.
As of May 2025, Base network has emerged as a leading Ethereum Layer 2 solution, demonstrating significant growth across various key metrics:
Total Value Locked (TVL)
With approximately $4.7 billion in total value locked (TVL), Base is the sixth-largest blockchain platform. This growth has surpassed other well-known Layer 2 networks like Arbitrum and Optimism, indicating its rapid adoption and the substantial investment in its ecosystem.
User activity
Base has recorded over 1 million daily active addresses, marking a substantial increase in user engagement. The network has reached 4 million weekly active addresses, indicating sustained user participation.
Transaction volume
Base achieved a record of 13.39 million daily transactions on January 1, 2025, showcasing its scalability and high throughput capabilities
Last year, on October 26, 2024, Base captured 30.06% of the total stablecoin transaction volume, surpassing major blockchains like Solana, Ethereum, and Tron.
Ecosystem highlights
The volume of transactions on the Base decentralized exchange (DEX) has reached almost $3 billion. One of the main protocols on Base, Aerodrome, set an all-time high of $1.68 billion in transaction volume.
This network has impressive statistics in terms of total value locked (TVL), user activity, and transaction volume. These statistics show that Base is growing rapidly in the blockchain world.
With continuous development, Base is well-positioned to play a significant role in the future of decentralized finance and the scalability of blockchains. Let's go over the best tokens in this ecosystem.
Top 10 Base ecosystem coins by market cap
USD Coin (USDC)
USDC is a fully backed, regulated stablecoin issued by Circle. It plays a crucial role in the Base ecosystem by providing liquidity and facilitating transactions. As of March 2025, USDC's market capitalization surpassed $60 billion, reflecting growing demand for regulated stablecoins.
Its wide adoption across various blockchains, including Base, underscores its reliability for long-term investment.
Axelar (AXL)
Axelar is a cross-chain communication protocol that enables interoperability between different blockchain networks.
With a market cap of approximately $666 million and a circulating supply of over 665 million AXL tokens, Axelar has shown consistent growth. Its role in facilitating seamless cross-chain transactions makes it a valuable asset in the expanding multi-chain ecosystem.
Yearn.finance (YFI)
Yearn.finance is a DeFi platform that offers yield optimization strategies for crypto assets. As of May 2025, YFI is trading around $4,464.88 with a market capitalization of approximately $150.83 million.
Despite market fluctuations, Yearn.finance remains a significant player in the DeFi space, attracting users seeking automated yield farming solutions.
Balancer (BAL)
Balancer is an automated market maker (AMM) that allows for customizable liquidity pools. With a current price of $0.9552 and a market cap of $58.8 million, Balancer continues to provide innovative solutions for decentralized trading.
Its flexibility in pool configurations makes it a preferred choice for DeFi projects seeking efficient liquidity management.
Reserve Rights (RSR)
Reserve Rights is the governance token for the Reserve Protocol, which aims to create stablecoins backed by a basket of assets. As of May 2025, RSR is trading at $0.005504 with a market capitalization of approximately $432.81 million.
Its focus on providing stable financial tools in volatile economies positions it as a potentially impactful project in the Base ecosystem.
Toshi (TOSHI)
Toshi is a meme coin built on the Base chain. As of May 2025, it had a market cap of around $90 million and a 24-hour trading volume of $11.8 million. While its long-term investment potential is uncertain, its current momentum reflects strong community engagement.
Brett (BRETT)
Brett is another meme coin on the Base network, inspired by internet culture. As of March 2025, it has a market cap of approximately $290 million. Brett's rapid rise highlights the influence of meme coins in the crypto market, though investors should be cautious due to their inherent volatility.
Aerodrome Finance (AERO)
Aerodrome Finance operates as a decentralized exchange (DEX) and automated market maker (AMM) on the Base network. It serves as a central liquidity hub for the Base ecosystem and facilitates efficient token swaps, positioning it as a significant DeFi protocol on Base.
Virtuals Protocol (VIRTUAL)
Virtuals Protocol is a decentralized platform on the Base network that enables users to create and monetize AI-powered agents.Each agent is tokenized, allowing for co-ownership and interaction within the ecosystem.The protocol combines AI, gaming, and blockchain to offer innovative digital experiences.
Its market cap is approximately $384 million, with a 24-hour Trading Volume of around $138 million. VIRTUAL hit an All-Time High of $5.07 on January 2, 2025, but its current price is approximately $0.58.
Popular AI agents like AIXBT and Luna have reached market caps of $636 million and $166 million, respectively. However, potential investors should be aware of market volatility in the AI token narrative and conduct thorough research before investing.
Echelon Prime (PRIME)
PRIME is the native token of the Echelon Prime Foundation, which is dedicated to developing Web3 gaming ecosystems and integrating blockchain technology directly into games. The token has a market capitalization of approximately $697 million, indicating its strong presence in the gaming industry.
By being integrated into games like Parallel, PRIME demonstrates its utility in the gaming sector. Its focus on Web3 gaming makes it a noteworthy project within the Base ecosystem.
Conclusion
These tokens exemplify the diverse and dynamic nature of the Base ecosystem, each contributing uniquely to its growth and innovation. Investors should conduct thorough research and consider market trends when evaluating these assets for long-term investment.
FAQ: Top Base network projects
Where can I find a list of Base ecosystem tokens?
You can explore comprehensive lists of Base ecosystem tokens on platforms like:
CoinMarketCap: Provides a categorized view of Base ecosystem tokens by market capitalization.
BaseScan: Tracks ERC-20 tokens on the Base blockchain, displaying prices, market capitalizations, and the number of holders.
What are the top Base coins this month?
As of May 2025, some of the top Base ecosystem coins by market capitalization include:
Axelar (AXL): A cross-chain communication protocol enabling interoperability between different blockchain networks.
Balancer (BAL): An automated market maker (AMM) allowing for customizable liquidity pools.
Reserve Rights (RSR): A governance token for the Reserve Protocol, aiming to create stablecoins backed by a basket of assets.
Are there AI Tokens in the Base ecosystem?
Yes, the Base ecosystem includes AI-focused tokens that integrate artificial intelligence with blockchain technology. Examples include AIXBT and VIRTUALS.
What are some new coins on the Base network?
Recent additions to the Base network include:
Friend.tech (FRIEND): A decentralized social platform enabling users to monetize their social interactions.
Bitcoin Bull ($BTCBULL): A meme coin with staking rewards, gaining popularity for its unique approach.
How can I track Base ecosystem tokens?
Consider using BaseScan to monitor Base ecosystem tokens. It displays detailed information on ERC-20 tokens within the Base blockchain.
This content is provided for informational purposes only and should not be construed as investment advice. Investing in Web3 and cryptocurrencies involves risks. It is essential to conduct your own research before engaging with any Web3 apps or cryptocurrencies.
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